Berita Arkib

HAMBURG: The lowest offer in Thursday's international tender by Egypt's GASC to purchase at least 30,000 tonnes of soyoil was estimated at $1,183 a tonne c&f for immediate payment terms, traders said.

KUALA LUMPUR- Malaysian palm oil futures on Thursday rose for a second straight session on the back of strength in rival soyoil, although gains were capped by expectations of a rise in February-end inventories and production.

KUALA LUMPUR: A total of RM30mil of the collection from the palm oil cess that has increased by RM2 to RM16 from RM14 per tonne will complement the RM30mil matching grant allocated to the industry by the government under Budget 2021.

KUALA LUMPUR (March 3): Malaysia’s palm oil stocks likely grew 7.6% month-on-month (m-o-m) to 1.43 million tonnes at end-February due to a slower decline in production compared to exports, according to CGS-CIMB.

KUALA LUMPUR: CGS-CIMB Research expects crude palm oil (CPO) price to trade at between RM3,200 and RM3,700 per tonne in March 2021.

Wilmar International Ltd.’s Ugandan unit is establishing the East African country’s second palm oil project, which is expected to double national output to as much as 80,000 tons.

KUALA LUMPUR, March 3 - Malaysian palm oil futures fell on Wednesday for a fourth straight session, pressured by expectations of higher stockpile for end-February as exports dropped over the month.

WHY are plantation stocks not on the radar of investors even though crude palm oil (CPO) prices have gained as much as 18% from RM3,070 per tonne on Nov 3 last year to RM3,632 per tonne last Wednesday?

KUALA LUMPUR: Malaysian palm oil futures reversed early losses on Wednesday, snapping a three-day decline tracking rival soyoil, but prices were weighed by expectations of higher stockpiles for end-February after a decline in exports.

The USDA’s Foreign Ag Service has lowered their outlook for Argentina’s soybean crop. The FAS has production at 47.5 million tons, a half a million less than the official February guess, as dry weather for much of January and February in some key growing areas canceled out improved rainfall in other parts of Argentina.

Golden Agri-Resources (GAR) has registered a 15% decline in its net profit for FY2020 to US$230m, the company said in a bourse filing.

KUALA LUMPUR (March 2): Edible oils are becoming an important food source with more than 202 million tonnes consumed from 238 million tonnes produced in 2019.